A lot of BTC betting sites are currently surfacing and that only signifies that Bitcoin is becoming the currency of choice in depositing and withdrawing from bookmaking sites and online casinos. Bitcoin was launched in 2008 and it has gained power in the online betting industry.
Predominantly useful for higher wager deposits and withdrawals, Bitcoin transactions are sustained by an increasing number of BTC betting sites. Apart from that, it is being used by a growing number of online gamblers who are looking for a protected, nameless and unlimited way to transact with online sportsbooks and casinos.
What is BTC Betting?
BTC betting functions similar to normal online casinos, the only difference is that you’ll user Bitcoin (BTC) as a means of payment as a substitute for fiat currencies like dollars (USD), euros (EUR) or pounds (GBP). Moreover, the BTC betting casinos are software programs which can run with little to no human involvements at all.
In fact, these platforms are automated to convey results in random making it an unbiased and transparent way to obtain extra income. It is also worth mentioning that there are betting sites that exclusively use Bitcoin as the payment system. Also, there are older businesses that have added Bitcoin as another payment scheme to customary currencies.
How Does BTC Betting Works?
Just in case you don’t have Bitcoin yet, the first thing you have to do is to buy the cryptocurrency. First and foremost, you need a digital wallet for buying Bitcoin. For a quick reference, it is utilized to store and keep your money.
Now, when you’ll transfer Bitcoin to your casino account, you’ll receive an online wallet on the BTC betting site. This contains a Bitcoin address that you’ll use in transferring the money directly and practically for free.
The moment you’ve already transferred the Bitcoin to the address, your transaction has to be confirmed by the Bitcoin network. This is typically done directly, or it will just take a few minutes. Once the money appears in your account, you’re now ready to play.
What are the Different BTC Betting Games?
There’s a wide assortment of different BTC betting games that are currently available in the market. Here are the well-known games:
This is most popular among BTC betting games. It lets the players wager on the results of numerous sports events like rugby, tennis, motor sports, boxing, baseball, soccer, basketball, cricket, and a lot more.
These make it stress-free to wager on different matches. This BTC betting game is easier and inexpensive to gamble with Bitcoin instead of regular currencies on regular betting sites.
The binary options are typical in gambling using financial instruments and currencies. You’ll just have to bet your money on where the price will be after a prearranged amount of time.
The prediction markets that utilize derivative instruments for betting are also offered. That basically means that you can wager on anything if somebody is ready to bet against you. One good example prediction markets are gambling on politics.
What Are The Advantages of BTC Betting?
In case that you’re wondering if BTC betting has advantages, of course, it does. One of its benefits is that it’s global and limitless; this basically means that all the bettors are welcome no matter where their location is. Apart from that, BTC betting is free and you can immediately deposit or withdraw any amount 24/7.
The Sportsbooks also save a lot in banking and amenableness that they can offer higher odds. Also, in BTC betting you can gamble anonymously, which means that it’s unmanageable for a sportsbook to limit your winnings. It is also impossible for a BTC betting site to vend or misuse your personal information. Last but not the least; it is much easier to avoid legal constraints and taxation.
Best BTC Betting Sites?
Deciding on the right BTC betting site is not easy. As a matter of fact, it takes time to regulate the security and equate the terms and conditions of each BTC betting Websites. To help you in choosing which one suits you, here are the most popular BTC gambling sites:
1xBit is the biggest Bitcoin sportsbook that’s available on the market. This gambling site is prominent on betting with Bitcoin because it has a full range of sports betting. This website is safe, and you can play namelessly. Aside from sports betting, it also has Esports betting, numerous casino games having live dealers, lotto, poker, binary options and a lot more. It is also worth mentioning that 1xBit also offers very lavish welcome bonuses.
This BTC betting site is one of the most popular online casinos with hundreds of games to decide on from. BitStarz has a full variety of casino games which includes jackpots, slots, poker, roulette, and more from several different gaming suppliers. It also has a 24/7 live chat support and aside from Bitcoin, you can also utilize regular payment systems on the gaming site.
FortuneJack has a mix of live and virtual casino games. It is a pure Bitcoin casino that completely uses cryptocurrencies like Bitcoin, Dash, Litecoin, and a lot more. This is a reliable betting site and gamers can play anonymously. This gambling site has hundreds of games and a 24/7 live chat maintenance.
Bigbook.ag is one of the best BTC betting sites recommended for online casinos and other sportsbook gaming activity. In fact, it utilizes the latest technological advances to create accessible gaming interface. It has a dependable customer care and offers an exclusive Loyalty and Rewards system. Bigbook.ag was able to serve clients in over 140 countries worldwide and this makes it one of the best BTC betting sites.
CLoudbet is pleasantly designed and works flawlessly. It offers tons of casino and sports games, together with all the information a player could need on how to start betting using Bitcoins. This Website also features the latest in HTML 5 technology so that the gamers can easily connect to cloudbet gaming platform using your PC, tablet or even smartphones.
These are the information that you have to know about BTC betting. Hopefully, you’re now ready to start placing your bets and of course winning.